This paper broadens the scope of current theoretical studies, divides rural agriculture into two sectors--advanced and traditional, and takes into consideration the land factor and the urban informal sector. Under the assumption that wages in the advanced agricultural sector are higher than in...

As urban private capital enters the modern agriculture industry, it divides the agricultural sector into the modern sector and the traditional sector. This article establishes a general equilibrium model to study the economic impact of governmental policies aimed at promoting modern agriculture....